Investors News

Canadian cannabis producer, Aurora Cannabis posted a fiscal second-quarter loss of C$237.8 million on revenue of C$54.2 million, compared with year-earlier profits of C$7.7 million on revenue of C$11.7 million.

Alberta -
Western Canadian oil is still selling at a steep discount, with prices dipping to new lows on Thursday. With no immediate relief in sight from a collapse in Canadian oil prices, Alberta oil sands companies are beginning to turn down the taps.

What factors do investors weight up when deciding to put money into a startup? New research shows fear of missing out is a key motivators for investors to invest early to startups with a disruptive vision. But how much they give depends on other risks.

For years, U.S. Customs and Border Protection (CBP) has been given the discretion to question Canadians entering the U.S. about their marijuana use. Now, cannabis legalization in Canada, the U.S. is focusing on the whole industry, including investors.

Aurora Cannabis has been on a buying spree. With its recent acquisition of MedReleaf, Aurora is now the largest marijuana company in the world. But its rapid growth and non-stop acquisitions are raising red flags for investors.

Kinder Morgan Limited (KML) on Sunday suspended all non-essential activities and related spending on its $7.4 billion oil pipeline expansion project in the face of mounting legal challenges from British Columbia.

The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as the "largest in US history" and Interior Secretary Ryan Zinke called it a "bellwether" for America's offshore energy future.

Canada's oil and gas producers are between a rock and a hard place - even though prospects are looking brighter for the sector as commodity price increases drive higher profits. But investors continue to shy away from Canadian energy stocks.

Extreme weather events not only disrupt the economy but have a major impact on the operating and financial performance of businesses worldwide. However, risk management and disclosure of climate risks can only take place when the risks are defined.

The deadline has passed for public input into the methane emissions rules proposed by Environment and Climate Change Canada (ECCC). A number of organizations and investors have urged the ECCC to address critical weaknesses in the regulations.

Continued worries over a global oversupply have knocked about 10 percent off U.S. crude futures this year, even though a deal had been reached with OPEC to curb production. But that hasn't stopped U.S. shale firms from pumping even more oil.

Vancouver -
Institutional investors, as well as major Canadian pension funds and private equity firms, have begun talks with Kinder-Morgan as the company tries to raise the $5.2 billion for the expansion of its Trans Mountain Pipeline project.

The past year has been rough for the oil industry. That’s especially the case for American natural gas (shale) providers. While the S&P 500 is flat on the year to date, natural gas companies are faced with big losses in light of low oil prices.

Over $386 million has allegedly been stolen by Hong Kong-based Bitcoin exchange MyCoin as it closed down this week, leading to claims that the company is withdrawing funds owed to over 3,000 investors.

Mobile transactions firm Freecharge has raised $80 million from new investors to help fuel its growth. The company enables users to get free rewards such as food or entertainment by simply paying phone bills through its mobile app.